XAI is a crypto-backed US dollar stablecoin. It has about $4.9M in circulation, ranking #157 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
XAI price
$0.9991
On peg Circulating supply
$4.9M
30-day change
+0.0%
Price
$0.9991
Blockchains
1
Tracked since
Nov 2022
What is XAI?
XAI is a crypto-backed US dollar stablecoin. It has about $4.9M in circulation, ranking #157 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: XAI is an over-collateralized stablecoin with a soft peg to the US Dollar in the Silo lending protocol.
XAI supply history
$5.0M$4.7M
Oct 8, 2025Oct 8, 2026
$14.1M$0
Nov 24, 2022Oct 8, 2026
XAI supply was flat over the past 30 days. Its peak was $13.6M in August 2023, and supply is 64% below that high.
Is XAI holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegXAI is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where XAI lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all XAI. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How XAI is backed
XAI is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Using the Silo Finance app, users can borrow XAI by depositing ETH or USDC as collateral. When the loan is repaid to retrieve the collateral, the paid back XAI is burned.
XAI risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $4.9M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
XAI vs USDT and USDC
Similar crypto-backed stablecoins
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XAI in the news
XAI FAQ
What is XAI?
XAI is a crypto-backed US dollar stablecoin. It has about $4.9M in circulation, ranking #157 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is XAI pegged 1:1 to the US dollar?
XAI targets 1 USD. At the last update it traded at $0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs XAI?
XAI is a crypto-backed stablecoin. XAI is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is XAI on?
XAI is live on 1 blockchain. The largest by supply are Ethereum ($4.9M).
How much XAI is in circulation?
About $4.9M of XAI was in circulation at the last update, +0.0% over 30 days. That makes it the #157 stablecoin by supply among those we track.
Is XAI safe?
No stablecoin is risk-free. As a crypto-backed design, XAI's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.